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Archean Chemical Industries IPO

Archean Chemical Industries has filled the DRHP with SEBI to raise funds between Rs, 2000 crores - Rs2,200 crores through an Initial Public Offering. The offer consists of Rs.1000 crore fresh equity and an offer of sale of 1.9 crore shares by promoters & investors.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

Archean Chemical Industries Limited IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

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About Archean Chemical Industries Limited

Archean Chemical Industries Limited is a speciality marine chemical manufacturer in India. The company focuses on producing and manufacturing bromine, industrial salt, and sulphate of potash. They are the largest exporter of bromine and industrial salt, according to Frost & Sullivan. The firm has a brine reserve in the Rann of Kutch, located on the coast of Gujarat, where they produce their products and manufacturing happens near Hajipir in Gujarat. As of Sept 2021, the brand has marketed its products to 13 global customers in 13 countries and to 29 domestic customers.

Their bromine acts like key initial level materials that are used in pharmaceuticals, agrochemicals, water treatment, flame retardant, additives, oil & gas and energy storage batteries.

Industrial salt is considered an important raw material used in the chemical industry for the production of sodium carbonate(soda ash), caustic soda, hydrochloric acid, chlorine, bleaching powders, chlorates, sodium sulphate (salt cake) and sodium metal.

Archean Chemical Industries Limited IPO Objectives

• The fund raised with IPO will be used to redeem fully or partially non-convertible debentures. This will help the company to reduce its outstanding debts.
• The fund will be used for different business and corporate purposes including capital expenditure, administration, and maintenance.

Why should you invest in the Archean Chemical Industries Limited IPO?

  • The campaign ‘Make in India’ by the government is aiming to increase the contribution of the manufacturing sector from 18% in Fiscal 2020 to 25% by Fiscal 2025.
  • After the adverse effect of a pandemic, India is now focusing on increasing R&D spend as it is significantly lower than other countries.
  • TThe global chemicals market is expected to grow at a CAGR of 6.2% CAGR from US$5,027 billion in the calendar year 2020 to reach US$6,780 billion by the calendar year 2025, according to the Company Commissioned F&S Report.

Financial Highlights

Particulars Fiscal 2021 Fiscal 2020 Fiscal 2019
Revenue From Operation 7,407.64 6,081.70 5,655.06
EBITDA 2,762.53 1,568.13 1,943.41
EBITDA Margin (%) 37.29% 25.78% 34.37%
Profit/(loss) after tax 666.06 (362.35) 399.72
PAT margin 8.99% -5.96% 7.07%
Capital expenditure 362.12 1,747.87 337.34
Net cash generated from operations 1,190.97 1,475.51 3,162.14
ROCE 21.01% 11.23% 17.81%

How to apply for Archean Chemical Industries Limited IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Archean Chemical Industries Limited IPO and approve the payment on your UPI ID.

Demat Account

Archean Chemical Industries Limited Noteworthy Highlights:

  • The brand is a leading pecialty marine chemical manufacturer in India since 2013.
  • Archean Chemical Industries Limited is the largest exporter of industrial salt in India with exports of 2.7 million MT in Fiscal 2021.

The Brand’s Pros & Cons:

Pros Cons
The company is the leading in the market position with growing bromine and industrial salt. Any pandemic like Covid 19 can adversely affect our business, operations and financial conditions.
The brand has established infrastructure & integrated production with cost efficiency. Exchange Rate fluctuation can affect the business adversely.
They have a strong financial performance. During FY2021, FY2020 and FY2019, our ROCE was 14.35% (not annualised), 21.01%, 11.23% and 17.81%, respectively. Inability to implement the different business strategies can adversely affect the business.

Competitive Analysis: Market Peers

Name of the company Total income (₹ in million) Face Value per Equity share (₹) P/E EPS (Basic) (₹) EPS (Diluted) (₹) RoNW (%) NAV per equity share (₹)
Archean Chemical Industries Limited 7,547.90 2 - 6.45 6.45 92.04 7.01
Listed Peers              
Tata Chemicals Limited 104,342.2 10 89.15 10.06 10.06 1.79 560.93
Deepak Nitrite Limited 43,812.7 2 36.66 56.88 56.88 33.06 172.05
Aarti Industries Limited 45,068.0 5 32.45 30.04 30.04 14.94 201.05
Neogen Chemicals Limited 3,365.5 10 114.36 13.45 13.45 17.12 78.43

Archean Chemical Industries Limited IPO FAQs

What is Archean Chemical Industries Limited IPO?

Archean Chemical Industries has filled the DRHP with SEBI to raise funds between Rs, 2000 crores - Rs2,200 crores through an Initial Public Offering. The offer consists of Rs.1000 crore fresh equity and an offer of sale of 1.9 crore shares by promoters & investors.

When will Archean Chemical Industries Limited IPO allotment be available?

Details not available.

What will be Archean Chemical Industries Limited IPO lot size?

Details not available.

When will Archean Chemical Industries Limited IPO open for subscription?

Details not available.

What minimum lot size can retail investors subscribe to?

Retail investors need to apply for a minimum of one lot.

When will Archean Chemical Industries Limited list on exchanges?

Usually, it takes ten working days from the last day of subscription to finally list the IPOs on the stock exchanges.

How to check the allotment status of Archean Chemical Industries Limited IPO?

Angel One investors can log in to their account to check the allotment status of Archean Chemical Industries Limited IPO.

Which exchanges will Archean Chemical Industries Limited IPO list on?

The IPO will list on NSE and BSE exchanges.

Is it possible for NRIs to use Angel One App to apply for Archean Chemical Industries Limited IPO?

NRIs can apply for Archean Chemical Industries Limited IPO through Angel One App using their UPI app if their bank supports it for NRE/NRO accounts.

Is it necessary to approve a UPI mandate request immediately?

Approving the UPI payment is the final step of the IPO application. You will get T+1 days to approve the payment mandate in your UPI handle.

How to apply for this Archean Chemical Industries Limited IPO via the Angel One App?

To apply for the IPO from the Angel One app, search for Archean Chemical Industries Limited in the active IPO list and click on apply.

What is the minimum order quantity for Archean Chemical Industries Limited IPO?

Details are not available.

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